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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price crash seen in not so distant future

Posted on 15 July 2013

Crude horizon is murky, emitting bearish signals. Despite hitting a 15- month highpoint last week, fundamentals do not appear strong enough to sustain the bull run - much longer.
Markets spiked late last week as the US Energy Information Administration’s (EIA) weekly crude stockpiles tumbled by 9.9 million barrels in the week ended July 5, indicating some pickup in demand………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 38958 posts on Opalesque Commodities Briefing.


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